Big Business

Someone who creates their own business is called a(n)...

• Entrepreneur
• Billionaire
• Investor
• Stock Holder

Which industrialist is best known for his work in the steel industry?

• Charles Lindberg
• Andrew Carnegie
• John Rockefeller

Oil industry

• Cornelius Vanderbilt
• Andrew Carnegie
• John D. Rockefeller
• Abraham Lincoln

a highly populated city area

• rural
• urban
• suburban
• agricultural

A monopoly is the total or complete control of an industry. Unfortunately for consumers, this prevents ___________. 

• Unions
• Capitalism
• Competition
• regulation

What fueled the growth of the steel industry after the Civil War?

• railroads

• cattle industry

• bridges

• farming

This process enabled steelmakers to produce strong steel at lower costs.

• Cheap Steel process

• Bessemer Process

• Urbanization

• Due Process

Andrew Carnegie controlled all aspects of the steel industry from raw materials to finish.

• Domination

• Complete Control

• Vertical Integration

• Assimilation

Labor Unions aimed at which of the following?

• shortening the work day

• higher wages

• end child labor

• All of the above

Ownership involved in each step of the manufacturing process

• Vertical Integ.

• Hortizontal Integ.

• Diagonal Integ.

• Corporation